Litecoin (LTC) has several use cases
in the market, including:
Payment Network
Litecoin works as a cost-effective,
fast, and highly secure way to transfer payments across borders in a
decentralized, transparent, and cryptographically secure manner. Using LTC
to enable digital payments with lower fees is one of the biggest drivers
of this cryptocurrency’s adoption worldwide.
Store of Value
Litecoin is also considered an
attractive store of value, much like rare commodities like gold and silver
in the mainstream financial market. Often compared to silver while Bitcoin
is compared to gold, LTC enjoys the status of a store of value among
crypto investors due to its finite supply and low fees, although the
Litecoin price remains well below that of Bitcoin owing to higher supply.
Crypto Asset to Trade and
HODL
As one of the most widely accepted
cryptocurrencies, Litecoin is an attractive instrument to invest in within
the crypto industry as it is one of the oldest cryptocurrencies that are
still around, like Bitcoin and Ethereum. You can buy or sell LTC against
other cryptocurrencies on crypto exchanges or HODL Litecoin if you believe
in its long term potential as an investment opportunity. Always ensure
that you check the live Litecoin price, LTC
current market cap, current circulating supply, 24 hour trading
volume and news so you know the right time to enter the
market.
Earn Passive Income
You can also grow your Litecoin
holdings by lending liquidity in LTC on the PROFITPIONEERS EARNING platform. Head to our
Crypto
Lending section
and look for the Litecoin crypto from the list of options we offer.
Enter the number of LTC you wish to
invest in, select the duration period from the options of 7 days, 14 days
or 28 days. You will then get an estimate on the daily interest rate and
profits you can earn by lending liquidity in
Litecoin.